In last trading session, AudioEye Inc (NASDAQ:AEYE) saw 0.57 million shares changing hands with its beta currently measuring 0.99. Company’s recent per share price level of $31.74 trading at $4.71 or 17.43% at ring of the bell on the day assigns it a market valuation of $377.04M. That closing price of AEYE’s stock is at a premium of 7.69% from its 52-week high price of $29.30 and is indicating a premium of 87.68% from its 52-week low price of $3.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.12 million shares which gives us an average trading volume of 138.06K if we extend that period to 3-months.
For AudioEye Inc (AEYE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.01 in the current quarter.
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AudioEye Inc (NASDAQ:AEYE) trade information
Upright in the green during last session for gaining 17.43%, in the last five days AEYE remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $31.74 price level, adding 2.7% to its value on the day. AudioEye Inc’s shares saw a change of 485.61% in year-to-date performance and have moved 48.18% in past 5-day. AudioEye Inc (NASDAQ:AEYE) showed a performance of 43.62% in past 30-days. Number of shares sold short was 0.82 million shares which calculate 6.29 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 28 to the stock, which implies a fall of -13.36% to its current value. Analysts have been projecting 20 as a low price target for the stock while placing it at a high target of 31. It follows that stock’s current price would jump 36.99% in reaching the projected high whereas dropping to the targeted low would mean a gain of 36.99% for stock’s current value.
AudioEye Inc (AEYE) estimates and forecasts
Statistics highlight that AudioEye Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 80.24% of value to its shares in past 6 months, showing an annual growth rate of 327.27% while that of industry is 20.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 11.50% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.47M for the same. And 3 analysts are in estimates of company making revenue of 9.59M in the next quarter. Company posted 7.87M and 8.08M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.48% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 375.76% while estimates for its earnings growth in next 5 years are of 25.00%.
AudioEye Inc (NASDAQ:AEYE)’s Major holders
Insiders are in possession of 49.05% of company’s total shares while institution are holding 25.64 percent of that, with stock having share float percentage of 50.32%. Investors also watch the number of corporate investors in a company very closely, which is 25.64% institutions for AudioEye Inc that are currently holding shares of the company. SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC is the top institutional holder at AEYE for having 0.41 million shares of worth $7.29 million. And as of 2024-06-30, it was holding 3.5355 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 0.39 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.3087 of outstanding shares, having a total worth of $6.82 million.
